Vernon,
I have never been able to catch any machine tool auctions at A & M so I'm not sure what they have offered and who decides when and what to sell.
I can say if your not in any hurry to look for a nice used machine. Monarch, Clausing, Hardinge, South Bend are great machines. Victor and others are decent too. Look for wear up close to the chuck on the ways, feed screw shafts etc. See if the spindle bearings are easy to spin without play. Some things can be fixed but full out wear on the ways is pretty much when you move a machine to someone elses barn or weldshop. I would say you could find something decent for $2K if you look. Most people who deal this stuff in the business want $3K on up. It all depends on what you want to cut and the tolerance you want to hold.
Mad, you got a great deal if your machine is in good shape. A new Hardinge dovetail toolroom lathe with readout is over $37,000 last I checked 10 years ago.